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Assume the following information for Metlock Corp. Uncollectible accounts are expected to be 7% of the ending balance in accounts receivable. Your answer is correct.
Assume the following information for Metlock Corp. Uncollectible accounts are expected to be 7% of the ending balance in accounts receivable. Your answer is correct. Prepare the entries to record sales and collections during the period. (List all debit entries before credit entries Credit occount titier are outomatically indented when the amount is entered. Do not indent manually if no entry is required, select "No Entry" for the account titles and enter O for the amounts. Prepare the entries to record the recovery of the uncollectible account during the period. (List all debit entries before credit entries. Credit occount titles are automotically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the omounts.) Determine the ending balance in Accounts Receivable and the unadjusted balance in Allowance for Doubtful Accounts. Ending balance in Accounts Receivable Unadjusted balance in Allowance for Doubtful Accounts eTextbook and Media Assistance Used List of Accounts Prepare the entry to record bad debt expense for the period. (Ust debit entry before credit entry Credit occount tiltes are outomatically indented when the amount is entered. Do not indent manually If no entry is required, select "No Entry" for the occount tities and enter Ofor the amounts. Determine the ending (adjusted) balance in Allowance for Doubtful Accounts Ending (adjusted) balance in Allowance for Doubtful Accounts
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